I realize that this is probably a 🔥 take, but here goes…
The recent round of tech layoffs serve as a good reminder that, IMO, you trade away the job security of government work for the salary & growth potential of the commercial sector.
Right or wrong, layoffs are the norm in a 💵📈 driven game.
Recent examples: MSFT made $198.27B in revenue in 2022.
https://www.macrotrends.net/stocks/charts/MSFT/microsoft/revenue
GOOG made over $250B.
https://www.macrotrends.net/stocks/charts/GOOG/alphabet/revenue
Both were making record amounts of money, yet both still made wholesale layoffs.
It’s doing yourself a service to always have contingency plans in place should the unfortunate happen to you. No one FTE or resource is indispensable at any level when P&L are the primary drivers of the game.
#techsector #jobs #layoffs #contingencyplanning #thoughtleadership